With the prospect of strengthened economic growth in Latin America, investors and end-users will be paying great attention to the region this year at MIPIM.
MIPIM has welcomed Latin American real estate players in its exhibition hall for years, even if their participation remained modest. Over the years, their presence has evolved both nationally and globally. This year however, we clearly notice a growing interest in MIPIM from Latin American real estate players and this will be visible in the exhibition hall, providing a unique opportunity for Latin-American developers to promote their projects to major international investors and end-users interested in finding premises in Latin America.
This year for example, we are very pleased to welcome new Latin American exhibitors such as Ministerio de Turismo from Argentina, Asociacion de Oficinas de Arquitectos de Chile (AOA) from Chile, the Ecohouse Group, Cofeci and Federation of industries of Rio de Janeiro from Brazil, and Greenpol from Uruguay. For these companies, MIPIM is a unique opportunity to meet major real estate players, and more particularly investors, from all over the world.
Illustrating the dynamism of the area, major Latin American projects will be unveiled for the first time at MIPIM: Panama Pacifico, a mixed-used project in Panama, De Coson, a multi zone development in Dominican Republic, The Airport Business Park Uruguay – (ABPUy) the first open business park in Uruguay, and The Porto Maravilha project, a regeneration project of urban and transportation infrastructure in Brazil.
The MIPIM conference programme will also dedicate two sessions to Latin America where experts will emphasise the opportunities of this market: one entitled ‘Brazil: new grounds for development’ and the other one entitled ‘Chile: The strategic Platform’. The MIPIM Awards 2013 also reflect this growing interest. Seven pre-selected projects compete this year from Argentina, Panama, Brazil and Chile. There were only three last year.
This year, 4.300 international investors are expected to attend the show, including First Swedish National Pension Fund (AP1), AXA real Estate, IVG Immobilien AG, GIC Real Estate, Qatar Investment Authority, and British Airways Pensions Fund, to name a few. They are coming from all over the world to look for new opportunities and are selectively moving up the risk curve in terms of geography and type of investment.
With the prospect of strengthened economic growth in Latin America this year and nations like Brazil expected to experience a significant pick-up in growth through 2013 impacted by the domestic stimulus, Latin American nations will more than ever attract the interest of international investors and real estate players. For example, as far as Brazil is concerned, with the World Cup and the Summer Olympics scheduled to take place in 2014 and 2016 respectively, Brazil’s government will be undertaking major infrastructure construction projects in order to prepare for these world sporting events.